One-Bedroom
For Sale
$165,000
6125 E INDIAN SCHOOL Road 200, Scottsdale, AZ 85251
Upstairs end unit with a private balcony, gas cooktop, and a community rental cap that requires owner occupancy.
Property Size656 SF
Days on Market8
Property Features for 6125 E INDIAN SCHOOL Road 200
General Information
Standard status
Active
Size
656 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
needs cosmetic TLC & some plumbing
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$380
Building Details
Building Size
656 SF
Year Built
1962
Listing Agency:
HomeSmart
Listed By:
Aurien M Preiss · License #SA115190000
(480) 229-2006
Source:
Alexiabertsatos
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 27 at 12:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
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Investment Insights
Based on property information with market context.
This 1962 condominium is an upstairs end unit with one bedroom and one bathroom. The kitchen has a gas cooktop, ample cabinetry, and a large sink; the bathroom includes a tub-and-shower combination. A full-wall closet serves the bedroom, and a linen closet is located in the hall. Ceiling fans are installed in the bedroom and living area. The unit also has a private balcony with security shades overlooking a common-area walkway. Cosmetic work and some plumbing repairs are needed.
The community has reached its rental capacity, so this unit requires owner occupancy. Old Town Scottsdale and downtown Phoenix are referenced as nearby destinations.
The community has reached its rental capacity, so this unit requires owner occupancy. Old Town Scottsdale and downtown Phoenix are referenced as nearby destinations.
Key Highlights
- One‑bedroom, one‑bath upstairs end unit
- Built in 1962
- Private balcony with security shades overlooking a common‑area walkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,590
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,800
$151.8K
Cap Rate 7%
$108,429
$108.4K
Cap Rate 9%
$84,333
$84.3K
Market Conditions
NOI Build-Up for 656 SF
Gross rent
$14.4K $21.96/SF
− Vacancy
−$605 −$0.92/SF
EGI
$13.8K $21.04/SF
− OpEx
−$6.2K −$9.47/SF
NOI
$7.6K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,800
Cap Rate 7%
$108,429
Cap Rate 9%
$84,333
Alternative Uses
Best Use
Apartment 5plus
$108.4K
$94.9K – $126.5K
NOI $7,590 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$215.3K
$188.4K – $251.2K
NOI $15,074 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Upstairs end unit with a private balcony, gas cooktop, and a community rental cap that requires owner occupancy.
Where is this residential income property located?
The property is located at 6125 E INDIAN SCHOOL Road 200 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath upstairs end unit; Built in 1962; Private balcony with security shades overlooking a common‑area walkway
